August 10, 2018
Atlanta – Transwestern’s Atlanta office today announces it has been named the exclusive leasing agent of Brookhaven Medical Center II, a 51,375-square-foot medical office development at 3929 Peachtree St. in Brookhaven, Georgia. Led by Senior Vice President Steve Hall, Transwestern’s growing Healthcare Advisory Services team will market and lease the asset on behalf of a joint venture between G.H. Anderson & Co. and The Gipson Co.
Historic demand for medical office space in the market has sparked Transwestern’s expansion of its Healthcare Advisory Services team. On the heels of Vice President John V. Lopez joining the team, Analyst Bo Stuart is the newest addition.
“Lack of space in Atlanta’s medical office market and its strong demographic profile has led to high absorption and a 15-year low in vacancy rates, with the overall market at 9 percent,” said Hall. “Brookhaven Medical Center II will provide much-needed space to the sector and convenient access to healthcare providers for Atlanta’s growing population. The property will be perfect for major health systems and large practice groups with a minimum square footage leasing requirement of 5,000 square feet.”
Brookhaven Medical Center II will neighbor Brookhaven Medical Center, a 48,588-square-foot medical office building leased by Walgreens and Piedmont Hospital, also constructed by G.H. Anderson & Co. and The Gipson Co. in 2016. The developers are expected to break ground on Brookhaven Medical Center II in fourth quarter 2018.
“Following muted development for nearly a decade, the volume of medical office product coming online is necessary, underscored by the solid rate at which the projects are being preleased,” said Bruce Ford, Transwestern’s Southeast President. “Our Healthcare Advisory Services team additions of John and Bo will enhance our service to clients and the market during this time of growth.”
Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Tenant Advisory, Capital Markets, Asset Services and Research, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 35 U.S. offices and assists clients through more than 211 offices in 36 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern.